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What Is the Major Reason the Market Demand Curve for Labour

Question 116

Multiple Choice

What is the major reason the market demand curve for labour slopes downward?


A) because at lower wage rates, workers are more willing to supply labour to the market
B) because at lower wage rates, workers are less willing to supply labour to the market
C) because of the law of diminishing marginal product
D) because of the law of diminishing marginal resource cost

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